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Premier League smashes January transfer window record
03 February 2018, 09:43 | Stacy Ballard
In the Premier League, there's money for everything except workers
However, the steady progress achieved by both clubs under Jurgen Klopp and Mauricio Pochettino will be threatened if they miss out on next season's Champions League, making Sunday's clash at Anfield all the more vital.
Total expenditure could have been even higher if big-spending runaway league leaders Manchester City, who had already smashed their transfer record by bringing in defender Aymeric Laporte, had persued Leicester's gifted playmaker Riyad Mahrez.
It was another record breaking transfer window as Premier League clubs spent big to improve their squads.
The Gunners are close to finalising an agreement with Borussia Dortmund for Pierre Emerick-Aubameyang, after their latest bid of around £60m.
"Given the Premier League clubs' record broadcast, commercial and matchday revenues, the level of spending is not surprising and, importantly, Premier League clubs are spending within their means", Jones said.
Yet astoundingly, the estimated £1.9bn transfer spend for this season is not unreasonable in the fairy-tale financial world of top-flight football.
Unusually for a winter window, almost two-thirds of the gross expenditure was by the top six while the bottom six accounted for about a fifth.
He added that worldwide trade had flourished, with the highest-ever January gross overseas outlay in Premier League history (£260 million), but also the highest amount of January receipts from abroad (£185 million), with names such as Philippe Coutinho and Diego Costa leaving England and (Aymeric) Laporte and (Pierre-Emerick) Aubameyang arriving.
Chelsea might have struggled to find a "fox in the box" forward all winter but finally managed to strike a £18 mil deal with Arsenal for their hitman Olivier Giroud.
Deadline Day is one of thee most eagerly anticipated and exciting days of the football calendar for fans, and there could be TWO of them this August. The French global has a vast Premier League experience (where he netted 105 times in 253 outings) and earned a cult status among the Gunners fans during his five-and-a-half years realm.
The intensifying battle for Champions League places takes centre stage in the Premier League this weekend as Liverpool host Tottenham, while Manchester United and Chelsea seek to recover from damaging defeats.
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